Automotive brake systems are crucial components designed to slow down or bring a vehicle to a halt, primarily relying on friction to create resistance and exert force between two objects. These systems play a key role in preventing skidding, restoring traction to tires, and avoiding accidents.
There are two main types of automotive brake systems such as disc brakes and drum brakes. Disc brakes offer advantages such as less brake fade and better performance in wet conditions. They consist of a brake caliper, metal rotor, and brake pads to stop the vehicle. Various technologies are integrated into automotive brake systems, including antilock braking systems (ABS), electronic stability control (ESC), traction stability control (TCS), and electronic brakeforce distribution (EBD). These technologies contribute to enhanced safety and performance. Automotive brake systems cater to different types of vehicles, including passenger cars, light commercial vehicles (LCV), trucks, and buses. These systems are distributed through channels such as original equipment manufacturers (OEM) and the aftermarket.
The automotive brake systems market research report is one of a series of new reports that provides Automotive brake systems market statistics, including automotive brake systems industry global market size, regional shares, competitors with an automotive brake systems market share, detailed automotive brake systems market segments, market trends and opportunities, and any further data you may need to thrive in the automotive brake systems industry. This automotive brake systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive brake systems market size has grown strongly in recent years. It will grow from $35.57 billion in 2023 to $38 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The historic growth of automotive brake systems can be attributed to various factors, including the implementation of safety regulations, consumer demand for enhanced safety features, the overall increase in global vehicle production, economic factors influencing the automotive industry, and a growing demand for aftermarket brake system components.
The automotive brake systems market size is expected to see strong growth in the next few years. It will grow to $50.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The forecasted growth in the automotive brake systems market is expected to be driven by factors such as the increased adoption of electric and hybrid vehicles, advancements in autonomous vehicle technology, compliance with environmental regulations, the integration of connected vehicle technology, the emergence of new markets, a focus on energy efficiency, and the globalization of the automotive market. Key trends in the forecast period include the widespread adoption of advanced driver assistance systems (ADAS), the use of lightweight and high-performance materials, the implementation of brake-by-wire technology, the development of connected brake systems, and increased industry partnerships.
The automotive brake systems market is anticipated to experience growth due to the escalating demand for both passenger and commercial vehicles. This surge is attributed to the increased disposable income among individuals globally, leading to a heightened preference for personal vehicles for daily commuting. The consequential rise in the demand for these vehicles is expected to correspondingly elevate the utilization of automotive brake systems. For example, in June 2021, the International Organization of Motor Vehicle Manufacturers reported a global increase in passenger car sales from 53 million in 2020 to 56 million, while commercial vehicle sales rose from 24 million to 26 million during the same period. Hence, the surge in passenger and commercial vehicle demand is poised to boost the requirement for automotive brake systems in the coming years.
The burgeoning demand for electric vehicles (EVs) is projected to be a driving force in the growth of the automotive brake system market. EVs, powered by electric motors, necessitate efficient and secure brake systems. Automotive brake systems provide safer and more effective regenerative braking mechanisms for these vehicles, ensuring enhanced safety features to prevent accidents. For instance, the Global EV Outlook 2022 reported a record high of 6.6 million electric vehicle sales, reflecting a doubling from the previous year. Electric cars contributed to 4% of total global car sales in 2021. Consequently, the increasing demand for electric vehicles is stimulating growth in the automotive brake system market.
A prominent trend in the automotive brake systems market is the introduction of innovative brake technologies designed to enhance vehicle safety. Advanced braking systems like multi-collision brake systems, equipped with instant collision recognition and automatic braking capabilities, are significantly reducing the risk of secondary accidents. This sophisticated brake technology empowers vehicles to swiftly slow down or halt to avert severe accidents. For instance, ZF Friedrichshafen, a Germany-based technology company, launched OnGuardMAX in April 2021, an advanced autonomous emergency braking system for commercial vehicles in China. Utilizing high-resolution dual-lens cameras and an advanced radar sensor, this system autonomously detects and reacts to moving or stationary vehicles, motorcycles, bicycles, and pedestrians, demonstrating high-performance image processing capabilities.
Numerous entities within the automotive brake system market are actively engaging in strategic collaborations to fortify their market presence. These collaborations often encompass various activities such as joint research and development endeavors, partnerships to enhance product or service delivery, and alliances geared towards venturing into new markets. As an example, in 2022, Orbis Brakes, a US-based automotive parts company, introduced an innovative braking technology crafted through a partnership with NASA. Their collaboration led to the creation of a patented Periodic Wave disc brake, leveraging advanced aerodynamics to significantly enhance surface cooling and diminish brake fade. This groundbreaking braking technology aims to offer the performance standards akin to Formula One vehicles for everyday road use.
In November 2021, Brembo S. p. A, an Italy-based manufacturer specializing in automotive brake systems, acquired J. Juan for approximately USD 78 million. This strategic acquisition is poised to augment Brembo's suite of motorcycle braking system solutions and bolster its portfolio within the burgeoning motorcycle sector. J. Juan, headquartered in Spain, is recognized for its expertise in the development and manufacturing of motorbike braking systems.
Major companies operating in the in the automotive brake systems market report are Advics Co. Ltd., Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Federal-Mogul Motorparts LLC, Bendix Commercial Vehicle Systems LLC, Knorr-Bremse AG, WABCO Holdings Inc., Mando Corporation, Haldex AB, Thompson Ramo Wooldridge Inc., Nissin Kogyo Co Ltd., Meritor Inc., Advanced Braking Technology Ltd., TMD Friction Holdings GmbH, Midwest Air Technologies Inc., Nisshinbo Holdings Inc., ADVICS CO. LTD., FTE automotive Group, Hella Pagid GmbH, Endless Co. Ltd., Bremskerl Reibbelagwerke Emmerling GmbH & Co. KG, Brembo SpA, Performance Friction Corporation, Arc Remanufacturing Inc., Muller Brakes America Inc., Allgemeine Technische Entwicklungen GmbH
Asia-Pacific was the largest region in the automotive brake system market in 2023. The regions covered in the automotive brake systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive brake systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The automotive brakes systems market consists of sales of emergency brakes and anti-lock brakes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
There are two main types of automotive brake systems such as disc brakes and drum brakes. Disc brakes offer advantages such as less brake fade and better performance in wet conditions. They consist of a brake caliper, metal rotor, and brake pads to stop the vehicle. Various technologies are integrated into automotive brake systems, including antilock braking systems (ABS), electronic stability control (ESC), traction stability control (TCS), and electronic brakeforce distribution (EBD). These technologies contribute to enhanced safety and performance. Automotive brake systems cater to different types of vehicles, including passenger cars, light commercial vehicles (LCV), trucks, and buses. These systems are distributed through channels such as original equipment manufacturers (OEM) and the aftermarket.
The automotive brake systems market research report is one of a series of new reports that provides Automotive brake systems market statistics, including automotive brake systems industry global market size, regional shares, competitors with an automotive brake systems market share, detailed automotive brake systems market segments, market trends and opportunities, and any further data you may need to thrive in the automotive brake systems industry. This automotive brake systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive brake systems market size has grown strongly in recent years. It will grow from $35.57 billion in 2023 to $38 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The historic growth of automotive brake systems can be attributed to various factors, including the implementation of safety regulations, consumer demand for enhanced safety features, the overall increase in global vehicle production, economic factors influencing the automotive industry, and a growing demand for aftermarket brake system components.
The automotive brake systems market size is expected to see strong growth in the next few years. It will grow to $50.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The forecasted growth in the automotive brake systems market is expected to be driven by factors such as the increased adoption of electric and hybrid vehicles, advancements in autonomous vehicle technology, compliance with environmental regulations, the integration of connected vehicle technology, the emergence of new markets, a focus on energy efficiency, and the globalization of the automotive market. Key trends in the forecast period include the widespread adoption of advanced driver assistance systems (ADAS), the use of lightweight and high-performance materials, the implementation of brake-by-wire technology, the development of connected brake systems, and increased industry partnerships.
The automotive brake systems market is anticipated to experience growth due to the escalating demand for both passenger and commercial vehicles. This surge is attributed to the increased disposable income among individuals globally, leading to a heightened preference for personal vehicles for daily commuting. The consequential rise in the demand for these vehicles is expected to correspondingly elevate the utilization of automotive brake systems. For example, in June 2021, the International Organization of Motor Vehicle Manufacturers reported a global increase in passenger car sales from 53 million in 2020 to 56 million, while commercial vehicle sales rose from 24 million to 26 million during the same period. Hence, the surge in passenger and commercial vehicle demand is poised to boost the requirement for automotive brake systems in the coming years.
The burgeoning demand for electric vehicles (EVs) is projected to be a driving force in the growth of the automotive brake system market. EVs, powered by electric motors, necessitate efficient and secure brake systems. Automotive brake systems provide safer and more effective regenerative braking mechanisms for these vehicles, ensuring enhanced safety features to prevent accidents. For instance, the Global EV Outlook 2022 reported a record high of 6.6 million electric vehicle sales, reflecting a doubling from the previous year. Electric cars contributed to 4% of total global car sales in 2021. Consequently, the increasing demand for electric vehicles is stimulating growth in the automotive brake system market.
A prominent trend in the automotive brake systems market is the introduction of innovative brake technologies designed to enhance vehicle safety. Advanced braking systems like multi-collision brake systems, equipped with instant collision recognition and automatic braking capabilities, are significantly reducing the risk of secondary accidents. This sophisticated brake technology empowers vehicles to swiftly slow down or halt to avert severe accidents. For instance, ZF Friedrichshafen, a Germany-based technology company, launched OnGuardMAX in April 2021, an advanced autonomous emergency braking system for commercial vehicles in China. Utilizing high-resolution dual-lens cameras and an advanced radar sensor, this system autonomously detects and reacts to moving or stationary vehicles, motorcycles, bicycles, and pedestrians, demonstrating high-performance image processing capabilities.
Numerous entities within the automotive brake system market are actively engaging in strategic collaborations to fortify their market presence. These collaborations often encompass various activities such as joint research and development endeavors, partnerships to enhance product or service delivery, and alliances geared towards venturing into new markets. As an example, in 2022, Orbis Brakes, a US-based automotive parts company, introduced an innovative braking technology crafted through a partnership with NASA. Their collaboration led to the creation of a patented Periodic Wave disc brake, leveraging advanced aerodynamics to significantly enhance surface cooling and diminish brake fade. This groundbreaking braking technology aims to offer the performance standards akin to Formula One vehicles for everyday road use.
In November 2021, Brembo S. p. A, an Italy-based manufacturer specializing in automotive brake systems, acquired J. Juan for approximately USD 78 million. This strategic acquisition is poised to augment Brembo's suite of motorcycle braking system solutions and bolster its portfolio within the burgeoning motorcycle sector. J. Juan, headquartered in Spain, is recognized for its expertise in the development and manufacturing of motorbike braking systems.
Major companies operating in the in the automotive brake systems market report are Advics Co. Ltd., Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Federal-Mogul Motorparts LLC, Bendix Commercial Vehicle Systems LLC, Knorr-Bremse AG, WABCO Holdings Inc., Mando Corporation, Haldex AB, Thompson Ramo Wooldridge Inc., Nissin Kogyo Co Ltd., Meritor Inc., Advanced Braking Technology Ltd., TMD Friction Holdings GmbH, Midwest Air Technologies Inc., Nisshinbo Holdings Inc., ADVICS CO. LTD., FTE automotive Group, Hella Pagid GmbH, Endless Co. Ltd., Bremskerl Reibbelagwerke Emmerling GmbH & Co. KG, Brembo SpA, Performance Friction Corporation, Arc Remanufacturing Inc., Muller Brakes America Inc., Allgemeine Technische Entwicklungen GmbH
Asia-Pacific was the largest region in the automotive brake system market in 2023. The regions covered in the automotive brake systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive brake systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The automotive brakes systems market consists of sales of emergency brakes and anti-lock brakes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automotive Brake Systems Market Characteristics3. Automotive Brake Systems Market Trends And Strategies31. Global Automotive Brake Systems Market Competitive Benchmarking32. Global Automotive Brake Systems Market Competitive Dashboard33. Key Mergers And Acquisitions In The Automotive Brake Systems Market
4. Automotive Brake Systems Market - Macro Economic Scenario
5. Global Automotive Brake Systems Market Size and Growth
6. Automotive Brake Systems Market Segmentation
7. Automotive Brake Systems Market Regional And Country Analysis
8. Asia-Pacific Automotive Brake Systems Market
9. China Automotive Brake Systems Market
10. India Automotive Brake Systems Market
11. Japan Automotive Brake Systems Market
12. Australia Automotive Brake Systems Market
13. Indonesia Automotive Brake Systems Market
14. South Korea Automotive Brake Systems Market
15. Western Europe Automotive Brake Systems Market
16. UK Automotive Brake Systems Market
17. Germany Automotive Brake Systems Market
18. France Automotive Brake Systems Market
19. Italy Automotive Brake Systems Market
20. Spain Automotive Brake Systems Market
21. Eastern Europe Automotive Brake Systems Market
22. Russia Automotive Brake Systems Market
23. North America Automotive Brake Systems Market
24. USA Automotive Brake Systems Market
25. Canada Automotive Brake Systems Market
26. South America Automotive Brake Systems Market
27. Brazil Automotive Brake Systems Market
28. Middle East Automotive Brake Systems Market
29. Africa Automotive Brake Systems Market
30. Automotive Brake Systems Market Competitive Landscape And Company Profiles
34. Automotive Brake Systems Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Automotive Brake Systems Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive brake systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for automotive brake systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: 1) By Product Type: Disc Brakes; Drum Brakes 2) By Technology: Antilock Braking Systems (ABS); Electronic Stability Control (ESC); Traction Stability Control (TCS); Electronic Brakeforce Distribution (EBD) 3) By Sales Channel: Original Equipment Manufacturers (OEMs); Aftermarket 4) By Vehicle Type: Passenger Car; Light-commercial Vehicles (LCV); Truck; Bus
- Companies Mentioned: Advics Co. Ltd.; Aisin Seiki Co. Ltd.; Akebono Brake Industry Co. Ltd.; Brembo SpA; Continental AG
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advics Co. Ltd.
- Aisin Seiki Co. Ltd.
- Akebono Brake Industry Co. Ltd.
- Brembo SpA
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Federal-Mogul Motorparts LLC
- Bendix Commercial Vehicle Systems LLC
- Knorr-Bremse AG
- WABCO Holdings Inc.
- Mando Corporation
- Haldex AB
- Thompson Ramo Wooldridge Inc.
- Nissin Kogyo Co Ltd.
- Meritor Inc.
- Advanced Braking Technology Ltd.
- TMD Friction Holdings GmbH
- Midwest Air Technologies Inc.
- Nisshinbo Holdings Inc.
- ADVICS CO. LTD.
- FTE automotive Group
- Hella Pagid GmbH
- Endless Co. Ltd.
- Bremskerl Reibbelagwerke Emmerling GmbH & Co. KG
- Brembo SpA
- Performance Friction Corporation
- Arc Remanufacturing Inc.
- Muller Brakes America Inc.
- Allgemeine Technische Entwicklungen GmbH
Methodology
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